Will Fed Pivot Crash Dollar, Economy? Steve Hanke On Looming Recession, Facebook Censorship

Steve Hanke, Professor of Applied Economics, discusses the latest remarks from Jerome Powell from Jackson Hole, China's economy, and censorship of social media.

*This video was recorded on August 28, 2024

FOLLOW STEVE HANKE:

FOLLOW DAVID LIN:

*This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates.

0:00 - Intro
0:40 - The Fed and the dollar
7:21 - Kamala Harris and inflation
17:25 - China and Canada
22:13 - China's economic slowdown
31:12 - Mark Zuckerberg vs. White House
39:55 - Pavel Durov's arrest

#economy #investing #stocks

[TheDavidLinReport]

Submit your questions to us for the next time Prof. Hanke appears on the program:

[DonaldMark-nese]

The market trend can turn around very quickly. In fact, the indexes often switch from a bear market to a bull market when the news is at its worst and the mood of investors is at its lowest point. I read an article of people that grossed profits up to $150k during this crash, what are the best stocks to buy now or put on a watchlist?

[anthonychuan]

Every time, Professor Hanke speaks, I listen.
Thank you David & Professor Hanke.

[AstaKristjan]

Prof Hanke nailed it as always! I'm not just worried about the dollar and looming recession but interest rate. The Fed's talk of interest rate cut leaves me pondering what stocks to buy now and when do I sell? I'm unsure how to properly allocate my money to achieve an optimal portfolio in this present economy, my goal is $3m for retirement.

[MyersRadfordKeith]

Tired of the "recession is coming!" threat. Recessive periods come along with equivalent market opportunities if you are well informed and equipped, I've seen folks amass wealth in the midst of economic turmoil and even pull it off easily in favorable conditions. Invariably, the collapse is getting somebody somewhere rich

[BarbaraMercer-tu]

If the dollar collapses don’t be fooled your debts doesn’t disappear, they add it back to the new currency or mode of barter. best advice get out of debts, make regular investments be debt free and financially stable

[Elviskally]

Thanks for the continuous updates! All we need is the right advice on how to invest properly and we will be set for life, I made 38k from my little invested 11k regardless of how bad it gets on the economy. Thanks so much Keira Watson for keeping me ahead of the market.

[Helen_white]

Recession! Crash! Inflation! It’s getting depressing. I have about $100k in emergency fund and I have been seeing good news about the stock market and would like to gain from that since I can’t let my savings be corroded by inflation. What stocks should I into as a newbie to safely grow my money.

[scottbuescher]

This guy is the best economist I've ever seen hands down...ty David for keeping him on regularly!

[Norrieey]

It's quite humorous how I used to think every investor went broke during recessions, meanwhile some made millions. I also thought everybody went out of Business during the Great Depression, but some went into business. Bottom line, there's always depression for some and profit for others, it all starts from having the right mindset. That said, I've set asides part of my savings to invest for future. Unfortunately I'm a complete noob.

[chiaking]

Thank you David and Prof. Hanke for a great show

[Oliviatheth]

If the FED cuts, inflation will come back up. So it's the 70s again. The tech stocks are overvalued junk along with the social site crap. ATP how can I restructure my portfolio of around $1M?

[julianss]

I always listen to Prof. Hanke's wisdom! Thank you both!

[rolfsteiner]

I think David hit it right on the head by saying that it would be a corporate tax and then of course pass down to the consumer in the form of taxation by inflation

[bbustin]

David working so hard … I hear it in his voice. Time for vaca my man ! But I know you don’t want to miss the fireworks !

[okaydamian]

The dollar is literally being destroyed / debased / devalued. How do I properly invest my surplus cash in the market as of now? I just want my money to keep outgrowing the inflation rate. I already own a home and 6 acres of land.

[glenngrowe]

Hahnke wrote an article reviewing 20, 000 papers on the effects of Covid lock downs! One amazing guy.

[hildeman]

But the newly published GDP points to the recovery of the economy as a whole. I've heard it's the best time to profit from investing in the right assets. I was wondering, do you think it's best for us who are not institutional investors to focus on index funds or individual stocks? I want to redistribute my 60k portfolio and I preferably want the asset class with the best return on investment. Thanks!

[robbbb]

Know it all hanke. One man's opinion. Some Valid, and some way out there.

[MikhailFromUSA]

the rates are need to be at 7-8% no cut!